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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: John Chapman who wrote (3902)	6/5/1998 8:22:00 PM
From: CatLady	Read Replies (2) \| Respond to of 7491

Here's a question for CSHK, what is the current financial condition of the company, i.e. working capital, debt, and shareholder equity. I would really to see the answer from an official source in writing, for all the reasons that jhild has mentioned.

To: John Chapman who wrote (3902)	6/5/1998 8:28:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 7491

That said I think the answer to the first part of your question is Cashco owes Merced the value of the note. Read the 19 May press release again: In addition, EHI has agreed to assume a $250,000 promissory note which the exclusive license is subject to in lieu of the previously agreed upon cash payments to Merced, Inc. I should think this was written by Rebecca, and therefore that the legal terminology is precise and correct. It means that EHI agreed to assume, not issue, a promissory note. A schedule of payments is set out in the press release, but please note that nowhere is the the person or organization to whom the money is owed named. To whom was Merced indebted, and what does the licensing agreement have to do with this debt?